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Northern Shield Resources Inc (2)
Symbol NRN
Shares Issued 73,082,091
Close 2023-06-23 C$ 0.035
Market Cap C$ 2,557,873
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Northern Shield finds new mineralization area at Root

2023-06-27 13:19 ET - News Release

Mr. Ian Bliss reports

NORTHERN SHIELD IDENTIFIES NEW AREA OF MINERALIZATION AT ROOT & CELLAR GOLD-COPPER-TELLURIUM PROJECT, NEWFOUNDLAND

Northern Shield Resources Inc. has identified what it interprets to be subcrop of a silicified and pyritic unit that resembles the three boulders containing visible gold (VG), previously found at the Root & Cellar gold-copper project. Root & Cellar is located on the Burin Peninsula in southeastern Newfoundland. Northern Shield can earn up to a 100-per-cent interest in the project, which is being explored for epithermal gold-silver and porphyry-copper-type mineralization, both associated with highly anomalous tellurium (Te).

The new mineralization believed to be subcrop is located approximately 100 metres up-ice from the three VG-bearing boulders and at the intersection of north-south-trending structures and the contact of an east-west-trending magnetic unit. The rocks show strong silicification and pyritization subsequently brecciated and cut by a later stage of pyrite-bearing vuggy quartz veins. Recent work has also revealed and pinpointed several more north-trending structures throughout the property, but a higher concentration of these structures is noted passing through the central portion of the Conquest zone.

"This new area will be targeted by further trenching and a shallow-hole drilling program that is currently being planned to test an IP chargeability anomaly that largely sits at, or very near, surface. In this area, the magnetic unit appears to have trapped and focused the flow of the gold-bearing fluids along the contact," said Ian Bliss, Northern Shield president and chief executive officer.

About Northern Shield Resources Inc.

Northern Shield is a Canadian-based company known as a leader in generating high-quality exploration targets that views greenfield exploration as an opportunity to find a Tier 1 asset, near surface and at relatively low cost. It implements a model-driven approach in exploration to reduce any risk associated with early-stage projects for the company, its shareholders and the environment. It is this approach that led to the discovery of an alkaline-driven gold-silver-tellurium-porphyry-copper system at its Root & Cellar project in Newfoundland.

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